SMCP S.A./€SMCP

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About SMCP S.A.

SMCP S.A. is a French company specializing in the design and retail of ready-to-wear clothing and accessories for both women and men. Operating under the brands Sandro, Maje, Claudie Pierlot, and Fursac, the company offers a range of products including apparel, footwear, and various accessories. Founded in 2010 through the merger of these brands, SMCP is headquartered in Paris, France. As of 2024, the company operates 1,662 points of sale across 49 countries, with 65% of its sales generated internationally. SMCP's strategic positioning focuses on providing accessible luxury fashion, combining contemporary designs with a broad geographic presence. (,)
Ticker
€SMCP
Sector
Consumer Discretionary
Primary listing
PAR
Employees
6,286
Headquarters
Paris, France
Website
www.smcp.com

SMCP S.A. Metrics

BasicAdvanced
€475M
21.81
€0.28
1.11
-

Bulls say / Bears say

Trading momentum is improving. H1 organic sales rose 0.6%, Q2 growth accelerated to 2.0% with like-for-like sales up 3.9%, and America, EMEA and Asia-Pacific all grew organically. (SMCP, WWD)
SMCP is expanding profit without relying on heavier discounting. The average discount rate fell by two points, lifting the gross margin to 76% and adjusted EBIT by 25% in H1; management still targets an adjusted EBIT margin of about 10% in H2. (SMCP, WWD)
The balance sheet is becoming less risky. Net debt fell to €145m from €206m a year earlier, reducing leverage to 1.1 times, while the company expects €50m of free cash flow for 2026. (SMCP)
France remains a serious drag. H1 sales declined in the home market amid weak consumer demand and a smaller retail network, while Q2 French sales fell 8.6% organically. (SMCP, WWD)
The brand portfolio is uneven. Maje grew 5.2% organically in H1, but Sandro, the larger anchor brand, was broadly flat and the Claudie Pierlot and Fursac group fell 13.2%. (SMCP, SMCP)
Cash delivery is back-end loaded and therefore exposed to execution risk. H1 free cash flow was limited because of working-capital timing, so the €50m full-year target depends heavily on a stronger second half. (SMCP)
Data summarised monthly by Lightyear AI. Last updated on 21 Sept 2026.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.